Common use of CAREER DEVELOPMENT FUNDS Clause in Contracts

CAREER DEVELOPMENT FUNDS. a) The University-College shall make an annual commitment of ten thousand dollars ($10,000) to be administered by the Joint Committee on Training and Development. At the conclusion of each fiscal year an accounting of expenditures will be provided to the Union. The unspent balance at the end of any fiscal year may be carried forward to the following year, provided the total funds unspent at any time do not exceed twenty thousand dollars ($20,000). b) In addition to (a) above, Malaspina University-College will contribute sixteen thousand dollars ($16, 000) to the training fund for the 2006/07 budget year and effective 2007/08 will also contribute, on an ongoing basis, one percent (1%) of CUPE payroll gross earnings to the fund. c) The Committee shall operate as follows: i) The Committee shall report in writing to the parties in January and May. ii) All decisions of the Committee shall be by consensus. iii) Expenditures made from the funds shall be approved by the Committee prior to implementation. Cost center reports shall be provided to the Committee members monthly. iv) Courses paid for by the fund shall be attended by CUPE members first. In the event vacancies are available after CUPE registrations close, other Malaspina University-College employees may attend providing they pay fees set by the Committee.